The Feasibility Study template helps guide you through the viability of a project idea.
Introduction
This Feasibility Study Template serves as an indispensable tool for project managers, sponsors, and stakeholders in evaluating the practicability of a proposed project. The template offers a structured approach to assessing various elements like market conditions, financial viability, and technical requirements, among other factors.
What is the Purpose of the Feasibility Study Template?
The purpose of this template is to guide you through the crucial initial phase of project planning.
The structured format ensures all aspects of feasibility—including market, technical, financial, and legal—are thoroughly assessed. This comprehensive evaluation aids in making informed decisions on whether to proceed with, adjust, or abandon a project.
Where and When to Use the Feasibility Study Template?
This versatile template can be utilised across various sectors and project types. It's particularly useful:
During the project initiation phase.
For risk assessment in ongoing projects.
When pitching a new project to stakeholders or potential investors.
What's Inside?
The Feasibility Study Template is compartmentalised into several key sections, each designed to capture essential data:
Executive Summary: A snapshot of key findings and recommendations.
Introduction & Objectives: Detailed background and aims of the project.
Scope: Definition of what’s in and out of the project’s purview.
Methodology: Explanation of the approach for data gathering and analysis.
Market, Technical, Financial, Legal, and Operational Feasibility: In-depth analyses on these critical aspects.
Risks and Contingencies: A review of potential challenges and mitigation strategies.
Conclusion & Recommendations: A summary verdict and suggested next steps.
Additional Information
Customisable: Adapt the template to your specific project needs.
Guidance Notes: Helpful hints and examples are provided within the template to assist you in filling it out.
Compatibility: Designed to be user-friendly and compatible with various document formats.
Why Choose Our Feasibility Study Template?
Comprehensive: Covers every facet of project feasibility, ensuring nothing is overlooked.
Efficient: Save time on creating a study format from scratch and focus more on the analysis.
Informed Decision-Making: Offers stakeholders a complete picture, enabling better investment decisions.
Professional Standards: Aligns with best practices in project management and feasibility assessment.
The Feasibility Study Template is your go-to resource for starting your projects on a foundation of thorough and effective planning.
